History is full of prophecies that have proved wrong. Among these, the one elaborated by the American political scientist Francis Fukuyama about 30 years ago certainly deserves a prominent place.…
Publications
Rising Rates (Everywhere Except the Eurozone) Expose the Fintech Chaff. The Unintended Consequences of Ill-Conceived Regulations.
Tech has been on a tear for 15 years, and European financial technology (fintech) has been encouraged for multiple reasons, not the least of which is that the financial authorities…
The General Data Protection Regulation (GDPR) is the world’s most comprehensive and intrusive data privacy law. It applies to all enterprises in the European Union (EU) that handle consumer data…
In our previous essay we argued that “neoliberalism,” the version of modern democratic capitalism featuring markets and trade guided by powerful, global public institutions, should not be confused with the…
IREF is a free-market oriented think tank. It promotes ideas, events, and academic research. With regard to research, IREF supports original projects that lead to the production of papers of…
The Eurosystem: a parasite serving only the needs of the Eurozone public sector
The European Central Bank (ECB) held its latest Governing Council meeting on 14 April 2022 and issued its normal press release. It also included a facile graphic titled ‘Our monetary…
Just two and a half years after planning began, Tesla’s “Gigafactory” on the outskirts of Berlin went into operation at the beginning of April. Meanwhile, the construction of Berlin Brandenburg…
As the COVID period is coming to a close, governments hesitate to cut public expenditure and try to find ways of raising more resources through taxation. In this light, one…
How can sanctions end the war? Easily, according to respected Russian chess superstar and political activist, Gary Kasparov. Simply isolate all Russian banks from the global financial infrastructure, confiscate all…
Russia’s President Putin conducts a bloody war in Ukraine. The German government struggles to impose sanctions that could endanger Russian gas supplies. The Wirtschaftswoche headlines: “Putin has Germany under control…

